Troy, Ala., Upgraded to A-Plus by S&P

Standard & Poor's Ratings Services said it has raised its underlying rating on Troy, Ala.'s existing general obligation debt to A-plus from A.

At the same time, Standard & Poor's assigned its A-plus rating to the city's series 2015 GO warrants. The outlook is stable.

"We base the upgrade on our view of the city's consistently strong financial profile, including strong budgetary performance and very strong budgetary flexibility and liquidity," said Standard & Poor's credit analyst Emmanuelle Lawrence.

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